Since their creation in April 2021, the Bored Ape collection has become one of the most iconic NFT collections. Subsequently, Yuga Labs, the company behind the NFTs, has released several other collections, including the Mutant Ape, which has been just as successful as its predecessors. Now, the Bored Ape is about to get its own metaverse.
The Bored Apes metaverse is coming soon
At the launch of the Bored Ape Yacht Club collection, the Yuga Labs team revealed that they would be creating a metaverse. To develop its Otherside metaverse, Yuga Labs raised $450 million in March.
On April 26, the teams working on Otherside announced the imminent release of their metaverse. Indeed, the sale of the LANDs, i.e. the plots of land in the Otherside metaverse, will take place on April 30, 2022.
These were originally supposed to be sold at a Dutch Auction, for ApeCoin tokens.
However, Otherside changed its mind a few hours ago, announcing that the Dutch Auction was “bullsh*t” and that the lands would be sold at a fixed price of 305 ApeCoin, or nearly $7,000.
Identity checks at the entrance
Unfortunately, this sale will be highly supervised. Indeed, Otherside has announced that only those who have been approved by KYC will be able to participate in the sale.
For their part, holders of a Bored Ape Yacht Club or Mutant Ape Yacht Club NFT will be able to claim an NFT for the first 21 days after the sale. The claim will not require a KYC.
“BAYC and MAYC holders, you will be able to claim an NFT for 21 days after the auction. You do not need to be KYC approved to claim, but you must be KYC approved to participate in the auction.”
Ahead of the auction, which will undoubtedly bring together many Internet users, Otherside is providing a few safety reminders to avoid any type of scam.
“No contests or gifts. No surprise airdrops. Do not reply or click on anything from other accounts, tags, DMs, or emails. Animoca, Otherside, BAYC, Yuga Labs, founders, and moderators will not mention you or send you DMs first.”
More than necessary security reminders, especially after the phishing attack that hit the project earlier this week. Indeed, $2.8 million of NFT was stolen after an attacker managed to take control of the Bored Ape Yacht Club Instagram account.